BELT vs. QBER
BELT (iShares U.S. Select Equity Active ETF) and QBER (TrueShares Quarterly Bear Hedge ETF) are both exchange-traded funds - BELT is a Large Cap Growth Equities fund actively managed by iShares, while QBER is a Options Trading fund actively managed by TrueShares. Both are actively managed. Over the past year, BELT returned 22.26% vs -0.23% for QBER. At a correlation of -0.52, they often move in opposite directions. BELT charges 0.75%/yr vs 0.79%/yr for QBER.
Performance
BELT vs. QBER - Performance Comparison
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Returns By Period
In the year-to-date period, BELT achieves a 15.89% return, which is significantly higher than QBER's -0.42% return.
BELT
- 1D
- -0.28%
- 1M
- -0.57%
- YTD
- 15.89%
- 6M
- 14.46%
- 1Y
- 22.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QBER
- 1D
- -0.06%
- 1M
- 0.34%
- YTD
- -0.42%
- 6M
- 0.34%
- 1Y
- -0.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BELT vs. QBER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BELT iShares U.S. Select Equity Active ETF | 15.89% | 12.42% | -0.78% |
QBER TrueShares Quarterly Bear Hedge ETF | -0.42% | 0.25% | 0.04% |
Correlation
The correlation between BELT and QBER is -0.56, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2024 | -0.52 |
The correlation between BELT and QBER has been stable across timeframes, ranging from -0.56 to -0.52 - a consistent structural relationship.
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Return for Risk
BELT vs. QBER — Risk / Return Rank
BELT
QBER
BELT vs. QBER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Select Equity Active ETF (BELT) and TrueShares Quarterly Bear Hedge ETF (QBER). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BELT | QBER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.99 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | -0.10 | +2.05 |
| Martin ratioReturn relative to average drawdown | 7.50 | -0.21 | +7.72 |
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Drawdowns
BELT vs. QBER - Drawdown Comparison
The maximum BELT drawdown since its inception was -23.05%, which is greater than QBER's maximum drawdown of -5.72%. Use the drawdown chart below to compare losses from any high point for BELT and QBER.
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Drawdown Indicators
| BELT | QBER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.05% | -5.72% | -17.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -2.35% | -9.12% |
Current DrawdownCurrent decline from peak | -3.29% | -5.17% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -4.73% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 1.06% | +1.91% |
Volatility
BELT vs. QBER - Volatility Comparison
iShares U.S. Select Equity Active ETF (BELT) has a higher volatility of 6.90% compared to TrueShares Quarterly Bear Hedge ETF (QBER) at 1.04%. This indicates that BELT's price experiences larger fluctuations and is considered to be riskier than QBER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BELT | QBER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.90% | 1.04% | +5.86% |
Volatility (6M)Calculated over the trailing 6-month period | 14.87% | 2.87% | +12.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.04% | 3.68% | +14.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.42% | 6.33% | +15.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.42% | 6.33% | +15.09% |
BELT vs. QBER - Expense Ratio Comparison
BELT has a 0.75% expense ratio, which is lower than QBER's 0.79% expense ratio.
Dividends
BELT vs. QBER - Dividend Comparison
BELT's dividend yield for the trailing twelve months is around 0.02%, less than QBER's 3.28% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BELT iShares U.S. Select Equity Active ETF | 0.02% | 0.00% | 0.00% |
QBER TrueShares Quarterly Bear Hedge ETF | 3.28% | 3.26% | 1.35% |
Frequently Asked Questions
BELT and QBER have a correlation of -0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BELT has higher volatility (6.90%) compared to QBER (1.04%). In terms of maximum drawdown, BELT dropped -23.05% vs QBER's -5.72%.
On 1-year performance, BELT leads with 22.26% vs -0.23% for QBER. On fees, BELT is cheaper at 0.75% per year. On volatility, QBER has been the lower-risk option at 1.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BELT has performed better with a 22.26% return vs -0.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BELT is cheaper with a 0.75% expense ratio, compared with 0.79% for QBER.
QBER has the higher dividend yield at 3.28%, compared with 0.02% for BELT.
BELT is categorized as Large Cap Growth Equities, while QBER is Options Trading. They also come from different issuers: iShares and TrueShares. Their fees differ too: 0.75% for BELT and 0.79% for QBER.
BELT currently has the higher Sharpe Ratio (1.25 vs -0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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